Cryptocurrency Injective Down More Than 5% Within 24 hours
Portfolio Pulse from Benzinga Insights
Cryptocurrency Injective (INJ) has experienced a 5.0% decrease in price over the past 24 hours, continuing a weekly downward trend of -4.0%. Despite this, trading volume has increased by 4.0% over the past week, while the circulating supply has slightly decreased by 0.15%, leading to a current market cap ranking of #39 at $2.99 billion.
February 21, 2024 | 7:02 pm
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NEGATIVE IMPACT
Injective (INJ) has seen a 5.0% decrease in price over the last 24 hours, with a weekly trend of -4.0%. The trading volume has increased by 4.0%, and the circulating supply has decreased by 0.15%.
The decrease in price over both the last 24 hours and the past week suggests a negative short-term impact on INJUSD. However, the increase in trading volume and slight decrease in circulating supply could indicate underlying interest and potentially limit further downside.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100